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PHL Capital

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uuid000ifdu

Namestring
PHL Capital
Legal namestring
PHL Capital Corp.
Websiteurl
phlcapital.com
Company typeenum
Private
Founded yearint
2006
Descriptiontext

PHL Capital Corp. is a privately held Canadian alternative mortgage lender and investment company headquartered in Surrey, British Columbia, founded in 2006 by Steve Ponte and Parm Purewall. The company operates through two wholly-owned Mortgage Investment Corporations — MortEq Lending Corp. (established 2006, targeting 6-10% returns) and Oakhill Lending Corp. (established 2021, targeting 10-14% returns) — and an affiliated Exempt Market Dealer, PHL Financial Group Ltd., that distributes MIC shares to qualified investors. PHL holds licensed mortgage brokerage status in British Columbia, Alberta, and Ontario, and provides asset-based mortgage financing focused on real estate value rather than rigid income criteria, serving entrepreneurs, self-employed professionals, single-income families, and borrowers who fall outside conventional bank parameters.

The company's product suite spans first and second mortgages on residential, commercial, and industrial properties, plus specialized offerings including phased-advance construction loans with milestone-based draws (18- and 24-month terms), bridge loans, and HELOCs. The core technology and operational differentiator is asset-based underwriting that evaluates equity, assets, exit strategy, net worth, and liabilities holistically, supported by service-level commitments of same-day deal feedback and 24-hour commitment turnaround. No API, SDK, or AI/ML automation is disclosed; the lending stack is people-centric, relying on VP of Credit, Senior Mortgage Analysts across BC/Alberta/Ontario, and a registered Chief Compliance Officer.

PHL's revenue model combines interest income from pooled mortgage investments within the MICs, origination and servicing fees on mortgage deals (including construction loan fees starting at 0.25-0.50%, plus per-draw admin and legal fees), and capital raising through the Exempt Market Dealer channel. Distribution is primarily through mortgage broker partnerships (B2B channel), direct investor relationships via registered dealing representatives and the Raisr investor portal, and direct borrower outreach. The company manages approximately $750-780 million in shareholder capital and has facilitated over $3 billion in cumulative financing across 19 years of operation.

Short descriptiontext

PHL Capital Corp. is a private Canadian alternative mortgage lender operating two Mortgage Investment Corporations (MortEq and Oakhill) that serve non-traditional borrowers, accredited investors, and mortgage brokers across British Columbia, Alberta, and Ontario through asset-based lending.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
51–100
akta.pro rankint
HeadquartersSurrey, Canada
HQ citystring
Surrey
HQ countrystring
Canada
HQ regionstring
North America
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
alternative mortgage lending, mortgage investment corporation, private real estate lending, bridge construction financing, MIC investment funds
Industry5 codes
1Balance-Sheet / Portfolio CRE Lending
CodeFSALADAGPrimaryYes
2Commercial Mortgage Brokerage
CodeFSAEAEABPrimaryNo
3Real Assets — Real Estate Debt (Whole Loans, Mezzanine, CMBS/CLO)
CodeFSAHAIABPrimaryNo
4Real Estate Private Credit (CRE Debt)
CodeFSANADAGPrimaryNo
5SME Commercial Real Estate (CRE) Lending
CodeFSABABAGPrimaryNo
NAICS code2 codes
  • Mortgage and Nonmortgage Loan Brokers52231
  • Funds, Trusts, and Other Financial Vehicles525
SIC code2 codes
  • Loan Brokers6163
  • Mortgage Bankers & Loan Correspondents6162
Product category
Alternative Mortgage Lending
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model2 records
1Mortgage Investment Corporation Returns
TypeManaged Services
Description

PHL operates two MICs - MortEq (established 2006) targeting 6-10% returns with primarily first and second mortgages on residential and commercial properties, and Oakhill (established 2021) targeting 10-14% returns with first, second, and occasional third mortgages across residential, commercial and industrial real estate. Revenue generated through interest income from pooled mortgage investments.

phlcapital.com
2Alternative Mortgage Lending
TypeLicensing Royalties
Description

PHL Capital Corp. operates as a licensed mortgage brokerage providing flexible alternative mortgage financing to borrowers outside conventional bank criteria. Revenue comes from mortgage origination and servicing activities across BC, Alberta, and Ontario.

phlcapital.com
Marketing channels5 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels3 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Personnel, Operations, Others, Marketing or Sales, Technology or R&D
Pricing details3 tiers
1MortEq MIC Fund - Established 2006, returns 6-10%
ModelOtherBilling cadencePay-as-you-go
Notes

Primarily first and second mortgages on residential and commercial properties. Returns of 6-10% for investors.

phlcapital.com
2Oakhill MIC Fund - Established 2021, returns 10-14%
ModelOtherBilling cadencePay-as-you-go
Notes

First, second and exceptional third mortgages on residential, commercial and industrial real estate. Returns of 10-14% for investors.

phlcapital.com
3Construction Loans - 18-month and 24-month terms
ModelUnit PricingBilling cadencePay-as-you-go
Notes

18-month term with fee starting at 0.25%; 24-month term with fee starting at 0.50%. $250 admin fee per draw; $500-$650 legal fee per draw. Fully open terms with early repayment allowed.

phlcapital.com
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

PHL Capital Corp is a Canadian alternative mortgage lender and Mortgage Investment Corporation (MIC) manager that originates first, second, and third mortgages on residential, commercial, and industrial real estate for borrowers who do not qualify under conventional bank criteria. It pools accredited investor capital into two MIC funds — MortEq and Oakhill — which then deploy that capital into the originated mortgage portfolio.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 3 values shown
  • Over $3 billion in financing facilitated for borrowers
+2 more records
Product overview1 text field

PHL Capital Corp operates as an alternative mortgage lending and investment company with a dual structure combining private lending through its parent company with capital markets expertise via its affiliated Exempt Market Dealer, PHL Financial Group Ltd. The company manages two Mortgage Investment Corporations (MICs): MortEq Lending Corp (established 2006, targeting 6-10% returns on first and second mortgages for residential/commercial) and Oakhill Lending Corp (established 2021, targeting 10-14% returns on first, second, and occasional third mortgages for residential, commercial, and industrial properties). Together these entities have facilitated over $3 billion in financing and manage approximately $780 million in shareholder capital. The product suite includes construction loans, bridge loans, HELOCs, and mortgage investment opportunities, all focused on serving borrowers who don't qualify for traditional bank financing while providing investors with real estate-backed income streams.

Product and service1 record
1MortEq MIC Fund (MortEq Lending Corp)
CategoryMIC Investment Fund
Scale indicator5 records

Each record includes

Type, Value, Description, Source

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Market position
Competitive moat6 records

Each record includes

Type, Details

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature2 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles9 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries3 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

PHL Capital

Alternative Mortgage Lendingphlcapital.com

PHL Capital Corp. is a private Canadian alternative mortgage lender operating two Mortgage Investment Corporations (MortEq and Oakhill) that serve non-traditional borrowers, accredited investors, and mortgage brokers across British Columbia, Alberta, and Ontario through asset-based lending.

What PHL Capital does

PHL Capital Corp. is a privately held Canadian alternative mortgage lender and investment company headquartered in Surrey, British Columbia, founded in 2006 by Steve Ponte and Parm Purewall. The company operates through two wholly-owned Mortgage Investment Corporations — MortEq Lending Corp. (established 2006, targeting 6-10% returns) and Oakhill Lending Corp. (established 2021, targeting 10-14% returns) — and an affiliated Exempt Market Dealer, PHL Financial Group Ltd., that distributes MIC shares to qualified investors. PHL holds licensed mortgage brokerage status in British Columbia, Alberta, and Ontario, and provides asset-based mortgage financing focused on real estate value rather than rigid income criteria, serving entrepreneurs, self-employed professionals, single-income families, and borrowers who fall outside conventional bank parameters.

The company's product suite spans first and second mortgages on residential, commercial, and industrial properties, plus specialized offerings including phased-advance construction loans with milestone-based draws (18- and 24-month terms), bridge loans, and HELOCs. The core technology and operational differentiator is asset-based underwriting that evaluates equity, assets, exit strategy, net worth, and liabilities holistically, supported by service-level commitments of same-day deal feedback and 24-hour commitment turnaround. No API, SDK, or AI/ML automation is disclosed; the lending stack is people-centric, relying on VP of Credit, Senior Mortgage Analysts across BC/Alberta/Ontario, and a registered Chief Compliance Officer.

PHL's revenue model combines interest income from pooled mortgage investments within the MICs, origination and servicing fees on mortgage deals (including construction loan fees starting at 0.25-0.50%, plus per-draw admin and legal fees), and capital raising through the Exempt Market Dealer channel. Distribution is primarily through mortgage broker partnerships (B2B channel), direct investor relationships via registered dealing representatives and the Raisr investor portal, and direct borrower outreach. The company manages approximately $750-780 million in shareholder capital and has facilitated over $3 billion in cumulative financing across 19 years of operation.

PHL Capital firmographics

Firmographics
Name
PHL Capital
Legal name
PHL Capital Corp.
Website
https://phlcapital.com
Company type
Private
Founded year
2006
Operating status
Operating
Headcount range
51–100 employees
Short description
PHL Capital Corp. is a private Canadian alternative mortgage lender operating two Mortgage Investment Corporations (MortEq and Oakhill) that serve non-traditional borrowers, accredited investors, and mortgage brokers across British Columbia, Alberta, and Ontario through asset-based lending.
Ownership category
akta.pro rank

PHL Capital industry classification

Industry
Product category
Alternative Mortgage Lending
NAICS
Mortgage and Nonmortgage Loan Brokers (52231), Funds, Trusts, and Other Financial Vehicles (525)
SIC
Loan Brokers (6163), Mortgage Bankers & Loan Correspondents (6162)
akta.pro primary industry
Balance-Sheet / Portfolio CRE Lending (FSALADAG)
akta.pro secondary industries
Commercial Mortgage Brokerage (FSAEAEAB), Real Assets — Real Estate Debt (Whole Loans, Mezzanine, CMBS/CLO) (FSAHAIAB), Real Estate Private Credit (CRE Debt) (FSANADAG), SME Commercial Real Estate (CRE) Lending (FSABABAG)

Keywords

  • Alternative mortgage lending
  • Mortgage investment corporation
  • Private real estate lending
  • Bridge construction financing
  • MIC investment funds

Where PHL Capital is headquartered

Location

Headquarters

HQ city
Surrey
HQ country
Canada
HQ region
North America

Offices1 record

Markets served

PHL Capital business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Others, Marketing or Sales, Technology or R&D

Revenue model

  1. Mortgage Investment Corporation Returns: PHL operates two MICs - MortEq (established 2006) targeting 6-10% returns with primarily first and second mortgages on residential and commercial properties, and Oakhill (established 2021) targeting 10-14% returns with first, second, and occasional third mortgages across residential, commercial and industrial real estate. Revenue generated through interest income from pooled mortgage investments.
  2. Alternative Mortgage Lending: PHL Capital Corp. operates as a licensed mortgage brokerage providing flexible alternative mortgage financing to borrowers outside conventional bank criteria. Revenue comes from mortgage origination and servicing activities across BC, Alberta, and Ontario.

Pricing tiers

ModelBillingPrice
OtherPay-as-you-goMortEq MIC Fund - Established 2006, returns 6-10%
OtherPay-as-you-goOakhill MIC Fund - Established 2021, returns 10-14%
Unit PricingPay-as-you-goConstruction Loans - 18-month and 24-month terms

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

PHL Capital product offering

Product offering

Core offering

PHL Capital Corp is a Canadian alternative mortgage lender and Mortgage Investment Corporation (MIC) manager that originates first, second, and third mortgages on residential, commercial, and industrial real estate for borrowers who do not qualify under conventional bank criteria. It pools accredited investor capital into two MIC funds — MortEq and Oakhill — which then deploy that capital into the originated mortgage portfolio.

Product overview

PHL Capital Corp operates as an alternative mortgage lending and investment company with a dual structure combining private lending through its parent company with capital markets expertise via its affiliated Exempt Market Dealer, PHL Financial Group Ltd. The company manages two Mortgage Investment Corporations (MICs): MortEq Lending Corp (established 2006, targeting 6-10% returns on first and second mortgages for residential/commercial) and Oakhill Lending Corp (established 2021, targeting 10-14% returns on first, second, and occasional third mortgages for residential, commercial, and industrial properties). Together these entities have facilitated over $3 billion in financing and manage approximately $780 million in shareholder capital. The product suite includes construction loans, bridge loans, HELOCs, and mortgage investment opportunities, all focused on serving borrowers who don't qualify for traditional bank financing while providing investors with real estate-backed income streams.

Differentiator

Problem solved

Functional benefit

Products and services

  • MortEq MIC Fund (MortEq Lending Corp)

Quantifiable outcome

  • Over $3 billion in financing facilitated for borrowers
  • +2 more outcomes

Companies that use PHL Capital

Customer profile

Segments3 records

Ideal customer profiles2 records

PHL Capital technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature2 records

PHL Capital partnerships and signals

Strategic signal

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

PHL Capital competitors and assessment

Company assessment

Market position

Competitive moat6 records

Key highlights7 records

Customer concentration

PHL Capital social profiles

Digital presence

PHL Capital financial estimates

Financial estimate

Revenue estimate

Valuation estimate

PHL Capital leadership team

Management profile

Number of profiles

Profiles9 records

PHL Capital subsidiaries and ownership

Company hierarchy

Subsidiaries3 records

PHL Capital funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

PHL Capital M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PHL Capital

What does PHL Capital do?

PHL Capital Corp is a Canadian alternative mortgage lender and Mortgage Investment Corporation (MIC) manager that originates first, second, and third mortgages on residential, commercial, and industrial real estate for borrowers who do not qualify under conventional bank criteria. It pools accredited investor capital into two MIC funds — MortEq and Oakhill — which then deploy that capital into the originated mortgage portfolio.

Is PHL Capital a public or private company?

PHL Capital is a private company. It is classified as founder individual operated bootstrapped and is currently operating.

When was PHL Capital founded?

PHL Capital was founded in 2006. It employs 51 to 100 people.

Where is PHL Capital based?

PHL Capital is headquartered in Surrey, Canada, in the North America region.

How does PHL Capital make money?

Two revenue lines are on record. Mortgage Investment Corporation Returns are the primary driver. The others are alternative Mortgage Lending.

Does PHL Capital have an API?

No public API is recorded for PHL Capital.

What industry is PHL Capital in?

PHL Capital's product category is Alternative Mortgage Lending. Its primary akta.pro industry code is FSALADAG, Balance-Sheet / Portfolio CRE Lending, with a secondary code of FSAEAEAB, Commercial Mortgage Brokerage. Its NAICS code is 52231 and its SIC code is 6163.

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